BP p.l.c. (NYSE:BP) Position Increased by Arkadios Wealth Advisors

Arkadios Wealth Advisors boosted its stake in BP p.l.c. (NYSE:BP) by 3.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 47,003 shares of the oil and gas exploration company’s stock after purchasing an additional 1,387 shares during the period. Arkadios Wealth Advisors’ holdings in BP were worth $1,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of BP. Butensky & Cohen Financial Security Inc. increased its position in BP by 0.3% in the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 129,215 shares of the oil and gas exploration company’s stock valued at $3,820,000 after acquiring an additional 358 shares during the period. Wedge Capital Management L L P NC raised its stake in shares of BP by 2.2% during the fourth quarter. Wedge Capital Management L L P NC now owns 660,538 shares of the oil and gas exploration company’s stock valued at $19,526,000 after purchasing an additional 14,436 shares in the last quarter. Winch Advisory Services LLC grew its position in BP by 18.7% in the 4th quarter. Winch Advisory Services LLC now owns 12,772 shares of the oil and gas exploration company’s stock valued at $378,000 after buying an additional 2,011 shares in the last quarter. Atlas Brown Inc. raised its position in shares of BP by 1.2% during the 4th quarter. Atlas Brown Inc. now owns 37,338 shares of the oil and gas exploration company’s stock worth $1,104,000 after buying an additional 437 shares in the last quarter. Finally, ST Germain D J Co. Inc. lifted its stake in shares of BP by 77.5% in the 4th quarter. ST Germain D J Co. Inc. now owns 8,073 shares of the oil and gas exploration company’s stock worth $239,000 after acquiring an additional 3,524 shares during the period. Institutional investors and hedge funds own 11.01% of the company’s stock.

BP Trading Down 0.3 %

Shares of NYSE BP opened at $31.70 on Monday. The firm has a market capitalization of $84.70 billion, a PE ratio of 33.37, a PEG ratio of 2.20 and a beta of 0.64. BP p.l.c. has a one year low of $27.82 and a one year high of $40.40. The company has a current ratio of 1.22, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average price of $29.65 and a two-hundred day moving average price of $31.80.

BP (NYSE:BP) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas exploration company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.05. BP had a net margin of 1.36% and a return on equity of 12.91%. The firm had revenue of $47.25 billion for the quarter, compared to analyst estimates of $52.05 billion. During the same quarter in the prior year, the business earned $1.15 EPS. The company’s revenue for the quarter was down 11.3% compared to the same quarter last year. As a group, analysts predict that BP p.l.c. will post 3.45 earnings per share for the current fiscal year.

BP Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 8th were paid a $0.48 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.92 annualized dividend and a dividend yield of 6.06%. BP’s payout ratio is 200.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. StockNews.com upgraded BP from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. BNP Paribas cut BP from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 9th. Scotiabank cut shares of BP from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $42.00 to $36.00 in a research report on Thursday, October 10th. Wells Fargo & Company lowered their price objective on shares of BP from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 15th. Finally, The Goldman Sachs Group upgraded shares of BP to a “strong-buy” rating in a report on Friday, October 11th. Eleven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.76.

About BP

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.